• Tag Archives Mainstream Media
  • Marc Faber Responds To Racism Accusations

    Having been forced off the boards of Sprott, NovaGold, and Ivanhoe mines and excommunicated from mainstream business media following his comments earlier in the week, Gloom, Boom, & Doom Report writer Marc Faber responds to his racism allegations…
    “I have been labeled by the mainstream media as a racist – I don’t think this corresponds at all with reality.
    I wrote a report about capitalism and socialism and about private property rights, and I also wrote about the tendency nowadays to want to rewrite history.
    In the US they are trying to tear down statues of people who had a different view from other people at the time… they also tried to tear down statues of Columbus..

    This post was published at Zero Hedge on Oct 20, 2017.


  • No Vol And No Volume – Even The WSJ Questions Equity Melt-Up

    It’s encouraging to see that one mainstream media outlet questioning the recent market melt-up which wasn’t just notable for the lack of volatility, but also a severe lack of volume. The new normal seems to be ‘No vol and no volume’, although we saw a bit of a regime shift today, before the normal reversal.
    The WSJ noted today that ‘Stocks continue to hit record highs, yet those pushing them there are trading less and less. The number of stocks and exchange-traded products changing hands in the U. S. and Europe has fallen steadily in recent months as ultralow volatility, a lack of market-moving news and the rising popularity of passive investment funds have kept many investors on the sidelines.’
    The chart below of trading volume in both regions is ugly, to say the least, especially in Europe where it’s the lowest in five years. Aggregated trading volume for NYSE, NYSE American, NYSE Arca and the NASDAQ this month is reported to be down 12% versus the average for the year and 22% below last year’s average. It’s become so bad that even ETF trading is 8.5% below last year.

    This post was published at Zero Hedge on Oct 19, 2017.


  • Russia Stockpiles Gold To Prevent A Currency Attack By The U.S.

    ‘Countries stockpile gold for strategic and defensive reasons – for instance, in case relations between nations are damaged and their currencies lose their value,’ Gabriel Rubinstein, a financial consultant and former representative of the Argentine Central Bank (source link is below)
    Russia has been accumulating a significant gold reserve for over a decade, along with China and most if not all of the BRIC/SCO/Silk Road countries. This is a fact that has been either unnoticed or intentionally ignored by the western mainstream media. Of course, gold is a barbarous relic that just ‘sits there and does nothing’ (Warren Buffet).

    This post was published at Investment Research Dynamics on October 17, 2017.


  • Robert Gore’s “Hard Core Doom Porn”

    It will be a crash like we’ve never seen before.
    ***
    SLL has been accused of trafficking in ‘doom porn.’ Guilty as charged. If you don’t like doom porn, don’t read this article, it’s hard core. If you prefer feel good and heartwarming, there are plenty of Wall Street research reports and mainstream media stories about the economy available. Enjoy!
    In 1971, President Nixon closed the ‘gold window,’ which allowed foreign governments to exchange their dollars for gold. This severed the last link between any government and central bank-created debt and the real economy. Debt could be conjured at whim, and governments and central banks have done so for the last 46 years.
    Not surprisingly, credit creation without restraint has papered the globe with the greatest pile of debt mankind has ever amassed, measured in nominal terms or relative to the underlying economy. A measure of how extraordinary this situation is: most people regard it as normal, if they think of it all. Debt is a first mover, a financial constant. Any exigency small or large can be met from an unlimited credit pool that will always be with us. How to rebuild Houston, Florida, and Puerto Rico? No problem, borrow.
    Although fiat credit creation by governments and central banks is unconnected to the real economy, its effects are not. Their debt becomes an asset within the financial system. Through fractional reserve banking, securitization, and derivatives it become the basis for a multiplication of the original debt. That multiplication is many times the multiplier (the reciprocal of the reserve requirement) taught in introductory macroeconomics classes whereby the debt is contained within the banking system.

    This post was published at Zero Hedge on Oct 12, 2017.


  • The NFL Is Now The Least Popular Professional Sports League In America

    While mainstream media outlets like the New York Times have continued to assert that the dip in NFL ratings that began last season is in no way connected to the controversy surrounding players kneeling during the National Anthem, yet another poll has reaffirmed what many football fans have suspected for weeks: The protests have transformed the NFL into the least popular professional sports league in America.
    From the end of August to the end of September, the favorable ratings for the NFL have dropped from 57% to 44%, and it has the highest unfavorable rating – 40 percent – of any big sport, according to the Winston Group survey provided exclusively to Secrets.
    Worse for football, which was already seeing lower TV ratings and empty stadium seats, the month of protests and calls from President Trump for fans to boycott the league or ‘walk out’ of games if they see players taking a knee has apparently turned off men aged 34-54 – one of the league’s most important demographics and a troubling sign that the league isn’t in touch with its fans. The Winston Poll from the Washington-based Winston Group found that the attitude of those fans went from an August rating of 73 percent favorable and 19 percent unfavorable to 42 percent favorable and 47 percent unfavorable, a remarkable turn against the sport.

    This post was published at Zero Hedge on Oct 8, 2017.


  • Economic Slowdown Confirmed: The U.S. Economy Lost Jobs Last Month For The First Time In 7 Years

    Don’t worry – even though the employment numbers are terrible the mainstream media insists that everything is going to be wonderful for the U. S. economy in the months ahead. According to the Bureau of Labor Statistics, the U. S. economy lost 33,000 jobs during September. That was the first monthly decline in seven years, and as you will see below, overall 2017 is on pace for the slowest employment growth in at least five years. But the Bureau of Labor Statistics insists that the downturn in September was due to the chaos caused by Hurricane Harvey and Hurricane Irma, and they are assuring us that happier times are right around the corner.
    Economists were projecting that we would see an increase of around 80,000 jobs last month, and we need to add at least 150,000 jobs each month just to keep up with population growth. So the -33,000 number was a huge disappointment.
    But even though we lost 33,000 jobs last month, the Bureau of Labor Statistics says that the unemployment rate fell from 4.4 percent to 4.2 percent.
    Yes, I know that doesn’t make any sense at all, but that is what they are telling us.
    Perhaps if several volcanoes go off inside this country, terrorists detonate a dirty bomb in one of our major cities and Godzilla invades the west coast next month the unemployment rate will drop all the way to zero.
    Of course I am being facetious, but I just want to point out the absurdity of what we are being told. There is no way in the world that the official unemployment rate should be at ‘a new 16-year low’.

    This post was published at The Economic Collapse Blog on October 6th, 2017.


  • Migration of the Tax Donkeys

    Dear local leadership: here’s the formula for long-term success.
    A Great Migration of the Tax Donkeys is underway, still very much under the radar of the mainstream media and conventional economists. If you are confident no such migration of those who pay the bulk of the taxes could ever occur, please consider the long-term ramifications of these two articles: Stanford Says Soaring Public Pension Costs Devastating Budgets For Education And Social Services Which American Cities Will File Bankruptcy Next? Allow me to summarize for those who aren’t too squeamish: a lot of cities and counties are going to go broke, slashing services and jacking up taxes, all to no avail. The promises made by corrupt politicos cannot possibly be kept, despite constant assurances to the contrary, and those expecting services and taxes to remain untouched will be shocked by the massive cuts in services and the equally massive tax increases that will be imposed in a misguided effort to “save” politically powerful constituencies and fiefdoms. These dynamics will power a Great Migration of the Tax Donkeys from failing cities, counties and states to more frugal, well-managed and small business-friendly locales. I’ve sketched out the migration in this graphic: the move by those who can from incompetently managed and/or corrupt cities/counties/states to more innovative, open, frugal and better managed locales.

    This post was published at Charles Hugh Smith on THURSDAY, OCTOBER 05, 2017.


  • Exposing The Slimy Business Of ‘Russia-Gate’ (What The Mainstream Media Doesn’t Want You To Know)

    As the U. S. government doles out tens of millions of dollars to ‘combat Russian propaganda’, one result is a slew of new ‘studies’ by ‘scholars’ and ‘researchers’ auditioning for the loot…
    ***
    The ‘Field of Dreams’ slogan for America’s NGOs should be: ‘If you pay for it, we will come.’
    And right now, tens of millions of dollars are flowing to non-governmental organizations if they will buttress the thesis of Russian ‘meddling’ in the U. S. democratic process no matter how sloppy the ‘research’ or how absurd the ‘findings.’

    This post was published at Zero Hedge on Sep 29, 2017.


  • In Marketing and in Markets, Don’t be the Mark!

    I have made countless posts lampooning the mainstream media and its eyeball harvesting, click baiting content. This content and especially the associated headlines (let’s recall the classic R. I. P. Bond Bull Market as Charts Say Last Gasps Have Been Taken, dated Dec. 2016 as but one example) are designed to whip up emotions, draw attention and thereby gain traffic and ad dollars (diminishing though they are these days). nftrh.com is and always will be ad-free, by the way.
    So sure, the bond bull market may well have ended in the Brexit and NIRP dominated summer of anxiety (in fact I believe it did), but any good contrarian would have seen the trade setup to go bearish on bonds in the middle of that hysteria, not a half a year later when Bloomberg used Louis Yamada’s chart to make a big headline. From a post in June 2016 about the Silver/Gold ratio and the prospects for a future ‘inflation trade’ right at the height of the bond bull…
    ‘All of this as the world sits in Treasury bonds and global NIRP garbage. Perfect. More and more it is looking like Brexit may have been an exclamation point.’

    This post was published at GoldSeek on Sunday, 24 September 2017.


  • Loving Our Debt-Serfdom: Our Neofeudal Status Quo

    Democracy (i.e. political influence) and ownership of productive assets are the exclusive domains of the New Aristocracy. I have often used the words neoliberal, neocolonial and neofeudal to describe our socio-economic-political status quo. Here are my shorthand descriptions of each term: 1. Neoliberal: the commoditization / financialization of every asset, input (such as labor) and output of the economy; the privatization of the public commons, and the maximizing of private profits while costs and losses are socialized, i.e. transferred to the taxpayers. 2. Neocolonial: the exploitation of the domestic populace using the same debt-servitude model used to subjugate, control and extract profits from overseas populations. 3. Neofeudal: the indenturing of the workforce via debt and financial repression to a new Aristocracy; the disempowerment of the workforce into powerless debt-serfs. Neofeudalism is a subtle control structure that is invisible to those who buy into the Mainstream Media portrayal of our society and economy. This portrayal includes an apparent contradiction: America is a meritocracy–the best and brightest rise to the top, if they have pluck and work hard– and America is all about identity politics: whomever doesn’t make it is a victim of bias.

    This post was published at Charles Hugh Smith on WEDNESDAY, SEPTEMBER 20, 2017.


  • Holy Moly, Now Wells Fargo Recommends a Credit Freeze in Equifax Hack

    Third largest US bank reaches out to its customers. A mass credit freeze would have a huge impact.
    No one knows yet how the Equifax hack – during which Social Security numbers, birth dates, addresses and, ‘in some instances,’ driver’s license numbers of 143 million consumers had been stolen – will wash out for Equifax, or for the other credit bureaus.
    But it increasingly looks like a far bigger and broader mess not only for the credit bureaus but for the overall consumer-based US economy whose grease is easy and often instant consumer credit.
    People are trying to put a credit freeze on their data at the three major credit bureaus to protect themselves from identity theft. Victims of identity theft get caught in years of a Kafkaesque nightmare where debt collectors hound them for debts incurred in their name by someone else.
    A credit freeze is the best protection against identity theft. It has now been recommended by State Attorneys General, the US Government, the biggest mainstream media outlets, and numerous other outfits including from the first moment on – the evening of September 7 when the hack was disclosed – my humble site. In over 400 comments on my three articles (here, here, and here), readers have shared tips and frustrating experiences trying to deal with overloaded websites that crashed, sent people in wrong directions, or failed in other ways to produce results.

    This post was published at Wolf Street on Sep 17, 2017.


  • Google Also Allowed Advertisers To Buy Racist Keywords Like “Why Do Black People Ruin Neighborhoods”

    Ever since failing miserably in their efforts to appoint Hillary Clinton to her rightful throne in the Oval Office, Silicon Valley’s biggest tech titans have come under relentless attack from disappointed liberal politicians in DC and their primary propaganda distribution platforms, the mainstream media.
    Just last night, on the Rachel Maddow show, Hillary once again blamed Facebook for her 2016 loss and vowed that “we’re going to make Facebook own up to everything” (you can watch the full interview here).
    “We are not going to let the Russians come in and divide us. We’re going to make Facebook own up to everything.”
    The irony, of course, is that perhaps no one contributed more money to getting Hillary elected than the same Facebook execs that are now coming under pressure for ‘colluding with Russia” after admitting that a staggering $50,000 worth of ads may have been bought by potentially Russian-linked accounts on their platform. In fact, Facebook co-founder Dustin Moskovitz even contributed $20 million of his own money to the Democratic efforts in 2016, which we believe is slightly more than $50,000 but we’re not great at math.

    This post was published at Zero Hedge on Sep 15, 2017.


  • SWINDLING FUTURITY

    ‘The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.’ ‘ Thomas Jefferson

    Yesterday the government reported a ‘modest’ August budget deficit of $108 billion. That’s one month folks. This is another example of how the government and their mainstream media mouthpieces portray horrifically bad, extremely abnormal financial data as normal and expected. They pretend everything that has happened since 2008 is just standard operating procedure. They follow the Big Lie theory to the extreme. The masses have been so dumbed down, desensitized, and taught to believe delusions, they can’t distinguish the abnormal from the normal.
    Those in power pretend near zero interest rates eight years after the recession was supposedly over is normal. They pretend $500 billion to $1.4 trillion annual deficits are normal. They pretend 20% unemployment is really 4.4%. They pretend the stock market is at all-time highs due to an improving economy rather than central bank easy money and corporate stock buybacks. They pretend $20 trillion of debt and $200 trillion of unfunded welfare promises is no problem. We are living in the grand delusion.

    This post was published at The Burning Platform on Sept 14, 2017.


  • “Dear President Trump: America Is In For A Rude Awakening In January”

    Dear President Trump,
    Over the last couple of years I’ve been all over TV… from Fox News to CNBC, CNN and Bloomberg. I’ve been telling our fellow Americans that the financial global elite was planning to issue their own globalist currency called special drawing rights, or SDRs.
    And that those elites would use this new currency to replace the U. S. dollar as the global reserve currency.
    I’ve even written about this extensively in my best-selling books The Road to Ruin and The New Case for Gold.
    I’m sure some people in the mainstream media thought I was out of line – but the United Nations and the International Monetary Fund (IMF) have both confirmed this plan to replace the U. S. dollar is real. I’ve made this warning many times, but it seems to be falling on deaf ears. That’s why I’m writing directly to you.
    Here’s the proof that the U. S. dollar is under attack, right in front of our eyes:
    The UN said we need ‘a new global reserve system… that no longer relies on the United States dollar as the single major reserve currency.’
    And the IMF admitted they want to make ‘the special drawing right (SDR) the principal reserve asset in the [International Monetary System].’

    This post was published at Zero Hedge on Sep 10, 2017.


  • Wave Good-Bye To The Dollar’s Reserve Status

    ‘Paper Money Eventually Returns To Its Intrinsic Value – Zero’ – Voltaire
    Set aside all other financial, economic and political concerns continuously shoved in our collective faces by the mainstream media. It’s a distraction – to a large degree intentional.
    These are the ONLY events that matter right now: this, ‘China Begins To Reset The World’s Currency System,’ and this, ‘Venezuela Is About to Ditch the Dollar in Major Blow to US: Here’s Why It Matters.’
    Once the dollar is no longer regarded or used as the reserve currency, third-world poverty will engulf everyone in this country below the upper half percent wealth stratum…except those who possess a fair amount of physical bullion. I just bought more gold and silver coins from a friend yesterday who had an uncontrollable urge to get their house painted and needed to sell some to me to fund it. It won’t matter what the house looks like in a couple years but they would never take my word on that.
    The level of assumed entitlement in this country by the middle class is absurd…

    This post was published at Investment Research Dynamics on September 9, 2017.


  • Yet Another Theory Of The Fed (Or Why A “Major Policy Shift” Looms)

    Take Bernanke, again. During his first FOMC stint from 2002 to 2005, the committee responded to a deflation ‘scare’ with successive rate cuts dropping the fed funds rate to a 45-year low of 1%. In just a few years time, people would see that boost to the credit markets as a mistake. And Bernanke was closely associated with it – he had long argued for fighting deflation with extreme measures. He then downplayed the risks of his preferred policies, as in his insistence that falling house prices were a ‘pretty unlikely possibility’ and subprime mortgage troubles were unlikely to result in significant ‘spillovers.’
    So Bernanke was a central figure in the lead-up to the crisis, but you already knew that. Our point is that it had little effect on his reputation. Among mainstream economists and in the mainstream media, he’s currently basking in the admiration of his ‘courage to act.’ By comparison, his critics, mostly in the financial sector and outside the mainstream, point to his shortsightedness. Which perspective wins? As of today, the ‘hero tale’ dominates. Just as presidents need only act presidential to gain plaudits during wartime, central bankers need only act aggressively to gain plaudits during financial crises. In either case, it doesn’t matter what came before.
    Why the Fed’s Priorities are Changing
    With those ideas in mind (that we’re dealing with perceptions more than realities), let’s look at the reputational risks faced by today’s FOMC. We’ll argue that the current decade’s primary risk – the risk of a 1937-style relapse into recession – is fading in importance. Until recently, an echo recession similar to the one that snuffed out the mid-1930s recovery would have been a reputation killer. It would have led people to question whether the 2008 – 9 recession would morph into another Great Depression, after all.

    This post was published at Zero Hedge on Sep 6, 2017.


  • Petition To Label George Soros A “Domestic Terrorist” Has 80,000 Signatures

    In less than two weeks, a WhiteHouse.gov petition demanding that billionaire investor George Soros be declared a ‘domestic terrorist,’ and that authorities seize his multibillion-dollar fortune, has garnered nearly enough signatures to force the Trump administration to issue a formal response.
    The petition, which has attracted 80,000 signatures so far – just 20,000 shy of the 100,000-signature threshold where a response would be required – accuses Soros of being guilty of sedition by financing groups that help support violent Antifa counter-protesters and other dangerous leftist groups.
    Last week, we reported that a similar petition, this one asking that President Donald Trump declare Antifa to be a terrorist group, had reached the threshold. The petition is still awaiting a formal response, but in one promising development, Politico reported today that the Department of Homeland Security had described the group’s actions as ‘domestic terrorist violence’ in private memos.
    Over the past week, the mainstream media narrative has turned decidedly against Antifa, with the Washington Post, Bloomberg and the Atlantic publishing stories criticizing the group’s violent tactics.

    This post was published at Zero Hedge on Sep 1, 2017.


  • DEATH OF THE U.S. DOLLAR RESERVE CURRENCY… Picking Up Speed

    The Death of the U. S. Dollar as the world’s reserve currency will have a profoundly negative impact on the lives of most Americans. Unfortunately, 99% of the population has no clue. The only reason 1% of U. S. citizens understand what is going on, is because the Mainstream media and financial networks have distorted the truth and the reality of our present situation.
    What happened in the markets today was a perfect example. Zerohedge published an article today titled, ‘Traders’ Panic-Buy Stocks, Shrug Off Nuclear Armaggedon, Debt Ceiling, & Biblical Flood Fears, and stating the following:

    This post was published at SRSrocco Report on AUGUST 29, 2017.


  • TROUBLE FINANCING ITS DEBT: Massive Decline Rates Push U.S. Shale Oil Industry Closer Towards Bankruptcy

    The U. S. Shale Oil Industry is in serious trouble as its debt spirals higher due to its massive production decline rates. While the Mainstream media continues to put out hype that the shale oil industry can produce oil at $30 or $40 a barrel, the reality shows that it’s becoming difficult just to finance its debt.
    Yes, it’s true. Many of the shale oil companies are bringing on new wells just to pay the interest on their debt. Now, this wasn’t the case back in 2008 when the U. S. Shale Oil Industry first took off as most of the shale energy companies held very little debt and paid a tiny percentage of their operating income to finance its debt.

    This post was published at SRSrocco Report on AUGUST 24, 2017.


  • This Upcoming Treasury Borrowing Binge Could Hit Markets Harder Than the 2008 Crisis

    This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission.
    The most important governmental advisory committee you’ve never heard of just issued a stunning forecast and warning that every investor needs to hear.
    This warning was not reported in the mainstream media, even though it came from the most elite level of Wall Street.
    Nor did this crowd release its forecast through its captive media, like CNBC or The Wall Street Journal.
    I’ll tell you why in a minute, but people who do get this warning will have the chance to protect what’s theirs and make some money when this happens.

    This post was published at Wall Street Examiner on August 22, 2017.